Oxford Lane Capital (NASDAQ:OXLC) Shares Up 0.3% - Time to Buy?

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) shares traded up 0.3% during trading on Monday . The company traded as high as $4.61 and last traded at $4.59. 1,124,224 shares were traded during trading, a decline of 78% from the average session volume of 5,106,088 shares. The stock had previously closed at $4.57.

Oxford Lane Capital Trading Up 1.5 %

The stock has a market cap of $1.63 billion, a P/E ratio of 5.69 and a beta of 0.75. The stock's 50-day moving average is $4.65 and its 200-day moving average is $5.00.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 16th. This represents a dividend yield of 24.43%. Oxford Lane Capital's dividend payout ratio is presently 128.92%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SWAN Capital LLC acquired a new stake in shares of Oxford Lane Capital during the fourth quarter worth $30,000. Insigneo Advisory Services LLC purchased a new position in shares of Oxford Lane Capital in the first quarter worth approximately $47,000. Quilter Plc purchased a new position in Oxford Lane Capital during the 1st quarter worth approximately $47,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Oxford Lane Capital in the first quarter worth approximately $48,000. Finally, Lewis Asset Management LLC purchased a new position in Oxford Lane Capital during the fourth quarter valued at approximately $51,000. Institutional investors own 6.74% of the company's stock.

About Oxford Lane Capital

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.